DOJ Alleges FT Players Are Merely General Unsecured Creditors

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The position of the DOJ and by inference the fate of the players claims to funds seized by the DOJ is clearly revealed in the Motion to Dismiss the claim of Adam Webb in the Civil Forfeiture case. The government unequivocally asserts that that Webb lacks standing to be a claimant as he is only a general unsecured creditor with no identifiable interest in specific funds or specific seized accounts.....

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Published In: Civil Remedies Updates, General Business Updates, Criminal Law Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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